Rlng

In an interview to CNBC-TV18, Sudip Sural of Crisil Ratings, discuss the gas bidding process for stranded power plants Tuesday. It may be recalled the auction was postponed twice in less than 2 weeks.

RLNG imports to light up 9000MW power plants: CRISIL

The e-auction for allocation of imported re-gasified liquefied natural gas (RLNG) under the Ministry of Power‘s scheme for gas-based power plants is set to begin tomorrow. CRISIL estimates that at prevailing gas prices, this can potentially enable 9,000 mw out of 14,300 mw of currently stranded gas-based power plants.

Revival of gas based plants to help Indian banks: Moody's

Among the biggest beneficiaries of these measures are IDBI Bank, State Bank of India and ICICI Bank.

Cheap gas for power projects: Banks having most exposure

In a report, CNBC-TV18‘s Latha Venkatesh outlined banks that have most exposure to such projects.

Subsidized imported gas move may help transmitters: IIFL

The government's decision to supply subsidized imported gas and RLNG to power plants starved of the feedstock from domestic sources will impact various players differently, IIFL VP Harshvardhan Dole said.

Urea makers stare at delayed subsidies, gas trouble: CRISIL

While the SBA does provide temporary respite to fertiliser manufacturers in the form of cash-flow relief and lower interest burden, CRISIL believes the problem of under-budgeting, especially when the urea subsidy bill is likely to bloat in the next fiscal, will need to be addressed.

Gujarat Gas, GSPC sign MoU for long-term gas supply deal

As per the MoU, GSPC has agreed to supply 0.85 million standard cubic metres per day (mmscm) of gas per day to GGCL from January 1, 2014 to June 30, 2025.

Fertiliser subsidy unlikely to reduce: CRISIL

CRISIL believes that the Government of India's (GoI's) fertiliser subsidy is unlikely to reduce even after new plants are set up under the New Urea Investment Policy (NIP) 2013.

Oil & Gas: High subsidy impact on diesel, LPG continues

Dolat Capital has come with its December`12 quarterly earning estimates for oil & gas sector. According to research firm, volume growth is expected for Indraprastha Gas (IGL) and Petronet LNG. Gujarat Gas and GSPL are expected to report decline in volumes.

Sound growth strategy in place; RLNG will remain: Guj Gas

Sugata Sircar, MD, Gujarat Gas explains to CNBC-TV18 that the implementation of a sound strategy has restored the company‘s financials over a nine-month period. He adds that the share of RLNG in the gas-sourcing mix will remain and he is working on several solutions to reduce the impact of the increased and fluctuations in cost.

High LNG cost may keep margins moderate: Indraprastha Gas

Rajesh VedVyas, managing director of Indraprastha Gas Limited (IGL) hopes that the company's performance in the second half to be on expected lines.

Build LNG terminal in AP east coast: Kiran Reddy to Centre

Andhra Pradesh government has requested the Centre to build a Liquefied Natural Gas (LNG) terminal on the east coast of the state to meet natural gas requirements of critical industrial sectors.

Gas supply constraint to hinder next earnings: GVK Power

Isaac George, CFO of GVK Power & Infrastructure says the quarterly earnings from the power sector slipped because Reliance has reduced gas supply. The company is operating at 75% of plant load factors (PLFs) as against 90% for the same period last year.